Description

Book Synopsis

The TRACE (Toronto annual Canadian econometric) model is an annual, non-linear econometric model of the Canadian economy designed primarily to forecast the statistics which appear in the principal tables of the Canadian National Income and Expenditure Accounts. TRACE is the first Canadian econometric model from which a published ex ante forecast has been made. In this book the authors describe the model and a high-speed computer. They show how the effects of alternative combinations of federal government policies can be examined by producing sets of conditional forecasts from the model. Both impact and long-run multiplier effects of changes in fiscal and monetary policy are derived from simulation experiments performed with the model. The results show the different effects that are obtained under régimes of fixed and floating foreign exchange rates.

The book presents the economic theory underlying the model and provides information on estimates of the structural param

The TRACE Econometric Model of the Canadian

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    A Paperback / softback by Nanda K Choudhry, Yehuda Kotowitz, John a Sawyer

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      Publisher: University of Toronto Press
      Publication Date: 15/12/1972
      ISBN13: 9781442639126, 978-1442639126
      ISBN10: 1442639121
      Also in:
      Economic forecasting Economic theory and philosophy

      Description

      Book Synopsis

      The TRACE (Toronto annual Canadian econometric) model is an annual, non-linear econometric model of the Canadian economy designed primarily to forecast the statistics which appear in the principal tables of the Canadian National Income and Expenditure Accounts. TRACE is the first Canadian econometric model from which a published ex ante forecast has been made. In this book the authors describe the model and a high-speed computer. They show how the effects of alternative combinations of federal government policies can be examined by producing sets of conditional forecasts from the model. Both impact and long-run multiplier effects of changes in fiscal and monetary policy are derived from simulation experiments performed with the model. The results show the different effects that are obtained under régimes of fixed and floating foreign exchange rates.

      The book presents the economic theory underlying the model and provides information on estimates of the structural param

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